HARRY HUGHES, Governor

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(C) IF THE BANK COMMISSIONER DOES NOT FOLLOW THE
ADVICE OF THE BANKING BOARD, THE BANK COMMISSIONER SHALL
SEND TO THE BANKING BOARD A WRITTEN STATEMENT OF THE REASON
FOR THE ACTION.

[Subtitle 3. Bank Regulations Board]

[2-301.

There is a Bank Regulations Board in the Department of
Licensing and Regulation.]

[2-302.

(a) The Bank Regulations Board consists of the
following seven members:

(1)  The Bank Commissioner;

(2)  The three members of the Banking Board
appointed under § 2-202 of this title; and

(3)  Three members appointed by the Governor with
the advice of the Secretary of Licensing and Regulation.

(b)(1) Of the three members appointed under
subsection (a)(3) of this section:

(i) One shall be an economist;

(ii) One shall be a certified public
accountant; and

(iii) One shall be a member of the general
public.

(2) A member appointed under this subsection may
not be employed by any banking institution.

(c) (1) The term of an appointed member is 2 years.

(2)  At the end of a term, an appointed member
continues to serve until a successor is appointed and
qualifies.

(3)  A member who is appointed after a term has
begun serves only for the rest of the term and until a
successor is appointed and qualifies.

(d)  A member of the Bank Regulations Board:

(1)  May not receive compensation; but

(2)  Is entitled to reimbursement for expenses
under the standard State travel regulations, as provided in
the State budget.]